MutualFundWire.com: ETF AUM Dips 0.2 Percent, Despite a $23B Inflows Jump

MutualFundWire.com

The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication

Tuesday, November 19, 2024

ETF AUM Dips 0.2 Percent, Despite a $23B Inflows Jump

The exchange-traded side of the asset management industry retreated slightly from record highs last month, despite accelerating inflows and a 30-month streak, according to the latest data from the folks at an ETF-focused research firm.

Deborah "Debbie" Fuhr
ETFGI / ETF TV
Managing Partner, Founder, Owner / Co-Founder

On Thursday (November 14), Debbie Fuhr, managing partner at ETFGI, revealed that the U.S. ETF and ETP industry brought in a record $861.39 billion in net inflows in the first ten months of 2024, accounting for 59.4 percent of worldwide YTD ETF and ETP inflows of $1.45 trillion, also a new industry record; world YTD ETF and ETP inflows for 2024 have even already surpassed the prior full year record of $1.29 trillion in 2021. (Those findings are part of ETFGI's "October 2024 US ETFs industry landscape insights" report and ETFGI's October 2024 "global ETFs industry landscapes insights" report.) YTD inflows in the U.S. are more than double where they were this time last year.

ETF industry AUM slipped a bit last month, thanks to the markets. U.S. ETFs held $9.98 trillion on October 31, 2024, down 0.2 percent ($20 billion) from a record high on September 30, 2024 but still up 42.4 percent ($2.97 trillion) year-over-year from October 31, 2023. As of October 31, 2024, U.S. ETFs accounted for 69.2 percent of worldwide ETF AUM of $14.41 trillion (down 0.3 percent month-over-month).

In October 2024, U.S. ETFs brought in $120.58 billion in net inflows, up by $23.29 billion (23.9 percent) M/M and up by $87.33 billion (262.6 percent) Y/Y. October 2024 U.S. ETF inflows accounted for 57 percent of worldwide ETF inflows of $211.41 billion (up by 28.3 percent M/M). It was the 30th consecutive month (i.e. two years and six months) of inflows for U.S. ETFs, while the worldwide ETF inflows streak reached 65 months (five years and five months).

As of October 31, 2024, the U.S. ETF industry included 3,826 ETFs and ETPs, up by 51 (1.4 percent) M/M and up by 519 (15.7 percent) Y/Y. U.S. ETFs and ETPs now account for 29.4 percent of the 12,994 ETFs and ETPs worldwide (which rose by 1.2 percent M/M).

348 ETF providers operated in the U.S. as of October 31, 2024, up by seven (2.1 percent) M/M and up by 49 (16.4 percent) Y/Y. 44 percent of the 791 worldwide ETF providers operate in the U.S. (The number of ETF providers worldwide is up 1.3 percent M/M.)

Printed from: MFWire.com/story.asp?s=68187

Copyright 2024, InvestmentWires, Inc.
All Rights Reserved